Bytes increases headline earnings, but macroeconomic pressures still a worry

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Demand from corporate clients for the company’s software, hardware and services climbed and it enjoyed sustained growth from public-sector customers

Bytes Technology, the UK company spun out of Altron, increased headline earnings by almost two-thirds in its 2022 financial year as demand from corporate clients for its software, hardware and services climbed and it enjoyed sustained growth from public-sector customers.

Headline earnings per share increased 61% to 13.72p , the company said on Tuesday in its results statement for the year to end-February...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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